Emerald Creek Provides $61M Inventory Loan on LIC Condos

NYC-based bridge lender Emerald Creek Capital has provided a $60,500,000 condominium inventory loan in Long Island City for an undisclosed borrower. SVP Dean Wang originated the financing. The loan is secured by 84 condominium units totaling 71,519 square feet within a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and contains ... The post Emerald Creek Provides $61M Inventory Loan on LIC Condos appeared first on Connect CRE.

Emerald Creek Provides $61M Inventory Loan on LIC Condos

NYC-based bridge lender Emerald Creek Capital has provided a $60,500,000 condominium inventory loan in Long Island City for an undisclosed borrower. SVP Dean Wang originated the financing.

The loan is secured by 84 condominium units totaling 71,519 square feet within a newly constructed 67-story tower. The building is the tallest skyscraper in Long Island City and contains a total of 707,560 square feet with 644,004 square feet of residential condos, 26,830 square feet of retail, and a 36,800 square foot parking garage.

The units covered by the loan range from studios to four bedrooms and are primarily penthouses or located on the upper floors.

The post Emerald Creek Provides $61M Inventory Loan on LIC Condos appeared first on Connect CRE.

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